PDVSA’s Friday payment of $842 million on 2020 bond payments
has yet to reach investors, according to a new report by Reuters—a
fact that does not bode well for cash-strapped Venezuela. Six
market sources told Reuters on Monday that despite the state-run
oil company’s claim that the payment went through, bond investors
had not yet received their due. Last Friday, Ray Zucaro, the chief
investment officer at Miami-based RVX Asset Management, said:
“Given logistics and steps needed to get payment to bondholders, I
doubt that…
has yet to reach investors, according to a new report by Reuters—a
fact that does not bode well for cash-strapped Venezuela. Six
market sources told Reuters on Monday that despite the state-run
oil company’s claim that the payment went through, bond investors
had not yet received their due. Last Friday, Ray Zucaro, the chief
investment officer at Miami-based RVX Asset Management, said:
“Given logistics and steps needed to get payment to bondholders, I
doubt that…
PDVSA’s Friday payment of $842 million on 2020 bond payments
has yet to reach investors, according to a new report by Reuters—a
fact that does not bode well for cash-strapped Venezuela. Six
market sources told Reuters on Monday that despite the state-run
oil company’s claim that the payment went through, bond investors
had not yet received their due. Last Friday, Ray Zucaro, the chief
investment officer at Miami-based RVX Asset Management, said:
“Given logistics and steps needed to get payment to bondholders, I
doubt that…
has yet to reach investors, according to a new report by Reuters—a
fact that does not bode well for cash-strapped Venezuela. Six
market sources told Reuters on Monday that despite the state-run
oil company’s claim that the payment went through, bond investors
had not yet received their due. Last Friday, Ray Zucaro, the chief
investment officer at Miami-based RVX Asset Management, said:
“Given logistics and steps needed to get payment to bondholders, I
doubt that…